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M&A Deal Summary

Golden Gate Capital Acquires Tollgrade Communications

On February 22, 2011, private equity firm Golden Gate Capital acquired communications company Tollgrade Communications for 137M USD

Acquisition Highlights
  • This is Golden Gate Capital’s 2nd transaction in the Communications sector.
  • This is Golden Gate Capital’s 18th largest (disclosed) transaction.
  • This is Golden Gate Capital’s 52nd transaction in the United States.
  • This is Golden Gate Capital’s 2nd transaction in Pennsylvania.
Investment Fate
  • Tollgrade Communications was sold to a strategic buyer in 2017 for 23M USD.

M&A Deal Summary
Date 2011-02-22
Target Tollgrade Communications
Sector Communications
Buyer(s) Golden Gate Capital
Deal Type Going Private
Deal Value 137M USD
Advisor(s) Piper Sandler & Co. (Financial)

Target

Tollgrade Communications

Cranberry Township, Pennsylvania, United States
Tollgrade Communications is a provider of network assurance solutions for the telecommunications and utilities industries. Tollgrade’s core telecom products help telecommunications service providers to minimize repair costs by remotely diagnosing problems in the copper line networks for DSL and plain old telephone service (POTS) lines. Tollgrade Communications is based in Cranberry Township, Pennsylvania.

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Buyer(S) 1

Buyer

Golden Gate Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2000
PE ASSETS 19.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Golden Gate Capital is a large private equity firm focused on buyout and growth equity investments across a wide variety of industries. The Firm partners with management teams to make equity investments in situations where there is a demonstrable opportunity to significantly enhance a company's value. Sectors of interest include software and IT services, semiconductors, electronics, consumer products and retail, financial services, business services, and media. Prospective transaction types include public-to-privates, corporate extractions, bankruptcy auctions, and recapitalizations. Golden Gate Capital was formed in 2000 and is based in San Francisco, California.

DEAL STATS #
Overall 59 of 112
Sector: Communications M&A 2 of 2
Type: Going Private M&A Deals 5 of 11
State: Pennsylvania M&A 2 of 4
Country: United States M&A 52 of 100
Year: 2011 M&A 2 of 7
Size (of disclosed) 18 of 23
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-02-11 Sierra-Cedar

Alpharetta, Georgia, United States

Sierra-Cedar is a North American IT services company. Sierra-Cedar integrates its industry knowledge, deep technology capabilities, breadth of service offerings, and global delivery model into best-value solutions tailored to the needs of its clients. Sierra-Cedar is uniquely positioned to help its clients meet the challenges of a fast-changing application and technology market. Sierra-Cedar was founded in 2005 and is based in Alpharetta, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-02-24 Conexant Systems

Newport Beach, California, United States

Conexant Systems, Inc. is a provider of semiconductor devices for imaging (fax machines and printers) and embedded modem (point-of-sale terminals and set-top-boxes) applications. Conexant’s innovative new product portfolio also includes high-fidelity audio and video surveillance end-markets which leverage its core expertise in analog and mixed-signal design and firmware development. The company is headquartered in Newport Beach, California.

Buy -
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